Factors driving the growth of big data analytics in healthcare market
include significant increase in demand for financial analytics in
healthcare, surge in demand for exploring structured and unstructured
data present in the healthcare industry, decreasing costs and
availability of big data software and services, along with amplified
adoption of new technologies for data analytics in healthcare business
transformations, globally.

Based on deployment type, big data analytics in healthcare market is
categorized into on-demand and on-premise. Of the two, the on-demand
deployment generated larger revenue as compared to the on-premise
software deployment. Further, on the basis of hardware, big data
analytics in healthcare market is categorized into data storage,
routers, firewalls, virtual private network, e-mail servers, and others;
others include data centers hardware and on-premise and on-cloud
hardware. Among these, data storage accounted for the largest revenue
share in the market in 2017.

Financial analytics sealed the largest market share in 2017, as it
provides healthcare organizations with greater and better visibility
into several factors that drive revenues, reduce operational costs and
manage shareholder value. The application uses sophisticated software
technology such as specialized billing process and knowledge, to keep a
track of various claims processed, and the amount of revenue collected
from different segments.